[lbo-talk] Intel CEO To American IT Workers: Drop Dead

Dwayne Monroe idoru345 at yahoo.com
Sat Oct 11 07:35:00 PDT 2003


His honesty is refreshing, in a slap of a wet cloth across the face on a sub-zero day sort of way.

He says things in public that others say only in meetings and one-day-to-be subpoenaed emails and for that we should be thankful.

The explanations he offers for his actions are false of course even if he describes the actions themselves quite openly. A clever ploy; in a just Universe it would land him, eventually, in hell.

DRM

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Intel CEO admits: jobs aren't coming back to US By Andrew Orlowski in San Francisco Posted: 05/10/2003 at 20:11 GMT

They're calling it the 'jobless recovery' - but it's a misleading phrase. New jobs are being created in the tech sector, only CEOs are making sure they're in China and India, not at home in the United States.

Craig Barrett admits to the New York Times today that while Intel has maintained a steady head count in the US, it has hired a thousand new software engineers in India and China.

Barrett has a curious phrase to justify this new trend. "To be competitive, we have to move up the skill chain overseas," he said. (What's a skill chain and what do you find at each end?) The Times cites an estimate that a million jobs have been moved offshore since March 2001.

[...]

more dark frivolity at

http://www.theregister.co.uk/content/7/33217.html

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Intel's Grove: US software, services face meltdown By Andrew Orlowski in San Francisco Posted: 11/10/2003 at 00:03 GMT

Acknowledging that it was National Depression Day, Intel co-founder Andy Grove warned that US software and services would go the same way of the US steel industry. "It would be a miracle if it didn't happen in the software and services industry,'' he said.

Grove attributed the crisis to higher labor costs in the US, and the diminishing number of people with "advanced qualifications". US steel manufacturers saw their share fall from 50 per cent to 10 per cent. He confessed to being a "skunk at the garden party" before his Washington DC audience.

His honesty is commendable, and Grove has done the industry a service if he can alert complacent politicans. But Grove all but admitted that he was part of the problem. Intel's CEO Craig Barrett said recently that 1,000 new jobs created by Intel since the crash were offshore, in India and China. Grove said CEOs faced a conflict between generating profits for shareholders and "doing the right thing for the country". He advocated higher R&D funding at universities, better collaboration between companies and "raising the hurdle for intellectual property litigation".

[...]

keep reading at

http://www.theregister.co.uk/content/7/33339.html

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